Financial Reporting as a Source of Innovation-Relevant Competitive Intelligence

نویسندگان

چکیده

In this article, we demonstrate that contemporary financial reporting systems have the capacity to contribute significantly generation of innovation-relevant competitive intelligence. This potential arises because, as part its regular work, system compiles, collects, analyzes, and synthesizes strategically relevant information about (i) complex internal technical processes related inventions, discoveries, product development, process innovations, like; (ii) detailed sales, cost, profit forecasts; (iii) consumer trends innovative developments in firm’s markets; (iv) actual competitor actions market; (v) regulatory changes, macro-economic trends, likely impact government policies. We argue intelligence can, if properly harnessed, lead better informed discourses decisions around innovation. Consequently, highlight potential—from both academic research practical perspectives—of an enabler embeddedness within firms.

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ژورنال

عنوان ژورنال: Journal of open innovation

سال: 2021

ISSN: ['2199-8531']

DOI: https://doi.org/10.3390/joitmc7020117